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Due to the recent attack by Iran on Israel over the weekend, the dollar has strengthened, and Israel has announced retaliatory measures against Iran, signaling "painful methods." This has further bolstered the dollar's strength. Additionally, the March retail sales figures in the United States were announced higher than expected, causing a general rise in U.S. bond yields and delaying the expected timing for interest rate cuts, thus amplifying the increase in the dollar's price.
On April 16, Jerome Powell, the Chairman of the Federal Reserve, is scheduled to deliver a speech.
On April 17, Eurozone CPI for March will be released.
On April 26, the interest rate decision for Japan and the March Personal Consumption Expenditures Price Index for the United States will be announced.
The USDJPY price has surged to the 154 line after breaking through the recent 152 line, indicating a rapid increase. Breaking through the strongest resistance while forming an uptrend suggests a significant potential for further rise towards the peak of the trend, and it is expected to maintain the upward trend for the time being.
Looking ahead to the movement of USDJPY:
First, a short-term rise to the 158 line followed by a medium to long-term decline due to resistance.
Second, a short-term decline followed by a mid-term rise to the 158 line supported by the trend.
The direction of the conflict between Israel and Iran will be the key factor in determining the direction of the market. If there are unexpected movements, we will adjust our strategy accordingly.
Please share your personal opinions in the comments. I ask for your booster and subscription.
Due to the recent attack by Iran on Israel over the weekend, the dollar has strengthened, and Israel has announced retaliatory measures against Iran, signaling "painful methods." This has further bolstered the dollar's strength. Additionally, the March retail sales figures in the United States were announced higher than expected, causing a general rise in U.S. bond yields and delaying the expected timing for interest rate cuts, thus amplifying the increase in the dollar's price.
On April 16, Jerome Powell, the Chairman of the Federal Reserve, is scheduled to deliver a speech.
On April 17, Eurozone CPI for March will be released.
On April 26, the interest rate decision for Japan and the March Personal Consumption Expenditures Price Index for the United States will be announced.
The USDJPY price has surged to the 154 line after breaking through the recent 152 line, indicating a rapid increase. Breaking through the strongest resistance while forming an uptrend suggests a significant potential for further rise towards the peak of the trend, and it is expected to maintain the upward trend for the time being.
Looking ahead to the movement of USDJPY:
First, a short-term rise to the 158 line followed by a medium to long-term decline due to resistance.
Second, a short-term decline followed by a mid-term rise to the 158 line supported by the trend.
The direction of the conflict between Israel and Iran will be the key factor in determining the direction of the market. If there are unexpected movements, we will adjust our strategy accordingly.